Finance Requirement:
- Developer Exit Bridge for £340,000 at 75% loan to value.
- Refinance of an unencumbered new build where there were two remaining units.
Location:
- Based in Essex the property formed part of a grade-2 listed old school which had been converted to form 10 residential units.
The Interesting Stuff:
- Funds were provided within 3 weeks.
- Highly competitive pricing through a lender with the ability to extend the loan if required.
- 12-month facility with interest retained.
- Funds were used to finance the purchase of a new development and release cashflow for working capital.
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